CT SB00920

Expands the Insurance Commissioner's authority to engage external legal, financial, and examination services for oversight of insurance companies and health care centers, with costs charged to the entities being examined.

Restructures the Insurance Department's internal divisions by replacing references to specific division names with generic "divisions" language for consumer affairs and rate review functions.

Increases filing fees for various insurance licenses and registrations, including a new $2,500 fee for statements of acquisition of control of domestic insurance companies.

Modifies automobile insurance arbitration procedures by increasing claimant filing fees from $20 to $50 and requiring insurance companies to pay $100 filing fees, while establishing expedited decision timelines and interest awards of 15% per annum.

Eliminates age, gender, and claims history underwriting restrictions for Medicare supplement insurance policies and updates filing deadlines for captive insurance company tax payments from February to March 1st.